ALERT PTA plans to hold overseas events for attracting telecom giants

Karachi: Pakistan Telecommunication Authority (PTA) has planned to organize international events in different countries as part of its efforts for attracting global telecom giant in the bidding process of 3G/4G licence scheduled to be held on March 28-29.

The authority is likely to organize mega events for investors and telecom operators in Singapore and Dubai in the upcoming weeks, as arrangements have been done in this regard with proper allocation of money and support of the government.

It will hold in Barcelona on the occasion of Mobile World Congress—the biggest event of telecom sector in the world, official sources in the authority said and added Pakistan’s representatives will give detail presentation about the potential of telecom sector and its investment opportunity in different program of World Mobile, while a separate pavilion for investors facilitation and knowledge will be set up.

The event is most important for the authority for organizing one-o-one meeting with officials of leading telecom operators, an official closed to the matter said.

We are working hard to ensure to attract 10-12 number of big telecom operators in the licence auction in addition to existing players of the local telecom sector who in the majority have shown their keen interest to be the part of the process, he said on the condition of anonymity.

The telecom regulator is carrying out its utmost efforts to approach leading telecom operators for ensuring their participation in the upcoming bids of licence auction for 3G/4G/LTE.

PTA has sent Information Memorandum (IM) to foreign telecom operators for sharing them policies of the country, economy and business situation of the telecom sector.

The auction of 3G/4G/LTE licence will likely to generate million dollar FDI to the national kitty. The event is being considered as most important for telecom sector and country’s economy, facing tough fiscal pressure on the lack of earning resources.